MATIC dailyPossible head and shoulders forming on MATIC please be careful.
Possible movement to golden zone on Fib levels where hypothetical FVG and Demand Zone are near.
For now still above 200 EMA
MTCUSD trade ideas
[MATIC] POLYGON could get to 2022 highs up (+100%) to (+140%)Matic is looking to reach the highs from 2023 and 2024, if it manages to close the weekly candle above $0,61 would indicate a good chance to reach these levels. Moneyflow is increasing in the monthly timeframe and strong weekly bullish divergences since 2023. The target is between fibonacci retracement levels from feb 2022 highs to nov 2024 lows, fibonacci extension levels from nov 2024 lows to dec 2024 highs to the last low, monthly/weekly levels and anchored vwap from mar 2021 to now.
TARGET: $1,2298 to $1,4781 up to (+140%)
POL/USD 1W !Hello everyone, I invite you to review the POL/USD chart taking into account the interval of one weekend.
As we can see, the price has been moving in a downtrend channel for a long time, where there is still room for price increases.
Additionally, it is worth mentioning that a positive upward exit from the channel may result in a strong increase close to the channel height around $1,89. However, before this happens, the price must overcome the strong resistance zone from $0.78 to $0.91, and then the resistance at $1.09 near the upper border of the channel, which will open the way towards strong resistance levels at $1.58 and then $2.38. Currently, we can see the price staying above the support at $0.59 and further protected by a strong support zone from $0.47 to $0.28.
MATICUSD - looking for potential price movementN Wave with E, V, N & NT projection and entry & exit strategy setup.
The price has recently broken above the Kumo signaling a potential bullish trend.
The Chikou Span is above the price, further confirming bullish momentum.
Immediate resistance: NT level at 2.54.
Support levels:
Entry 1: Fibonacci 0.5 level at 2.32.
Entry 2: Fibonacci 0.382 level at 2.21.
Stop-loss: Fibonacci 0.114 level at 1.97, which aligns with a prior swing low.
Kijun-sen and Tenkan-sen provide dynamic support.
The Senkou Span A and B (Kumo edges) indicate an upward trend after a bullish breakout.
Monitor the NT level (2.54). A breakout above it with volume confirmation could accelerate the price toward the first target (N at 3.13).
Consolidation near NT without a breakdown may offer a better risk-to-reward ratio for entering long positions.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
MATIC looks tired
MATIC looks tired.
- Distinct Wave 5 could be ending
- Overbought Stoch RSI 8h
- Broken down from long-term ascending parallel channel
Decreased Network Activity:
Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support.
Increased Selling Pressure:
A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline.
A good strategy is repetitive, and even boring.
Keep it simple and efficient.
Polygon (POL) AKA "MATIC" - Long Key LevelsPolygon (POL) or "MATIC" has experienced a strong rally recently, climbing from its monthly low of $0.40 to its current price of $0.70. This implosive move has brought the bulls to push POL to a critical descending trendline resistance level that the bears have held in a long-term downtrend since 2022.
The key level to watch is the $0.76 mark, where the neckline and trend line meet with previous resistance zones. A breakout above $0.76 could potentially surge POL to it's 1st target which is around a resistance level of: $0.89. If momentum continues, then price action will retest between: $1.23 - $1.48 representing a potential upside of +100% from the breakout at this current point
you're not ready yet MATIC, chill in the triangle for now It reaches and hits exactly the major line going from its old peak of 2021. Unless it convincingly breaks out and flips this major line, the path of least resistance for MATIC is to continue accumulating for a few more weeks in the triangle before a path opens to a massive rally
The Bullish Case of POLYGONPOL or MATIC made a deviation in the 1st of Nov this year which confirmed a major bottom to end the wave (4) which lasted for almost 3 years. Now the target is a new all time high!
Passing $1.29 confirms the bullish idea.
Breaking $0.32 is a stop-loss/ invalidation.
Hypothetical inverse head&shoulders pattern will materialize…. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
Hypothetical inverse head&shoulders pattern will materialize…-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the $1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
Polygon on its way to hitting a double bottom breakout targetPrice action steadily climbing up the measured move line to the target. Golden cross coming up within the next week or so. *not financial advice*
MATIC/USD Long PositionRSI Bullish Divergence: RSI shows a bullish divergence, indicating that although the price has been making lower lows, the RSI has been making higher lows. This suggests that the downward momentum is weakening, and a potential reversal to the upside may be forming.
Trendline Break: A break above a significant downtrend line signals a shift in market sentiment from bearish to bullish. This is a key technical signal that buyers are starting to gain control.
Break of Lower High (LH): The price breaking a previous lower high invalidates the downtrend structure and suggests the beginning of an uptrend, which is a bullish signal.
Polygon should eventually head towards fallingwedge brkouttargetIt broke above this falling wedge awhile back then rode the top trendline of it as solidified support for a bt before it finally started seeing a bullish impulse in price action. It should eventually head towards the breakout target indicated by the dotted white line. Very likely to do so starting around the time of its upcoming golden cross. It’s also currently heading towards a double bottom breakout target, I will link a chart with that chart pattern below. *not financial advice*
Value ZonePOLYGON on the monthly is currently in the Demand zone and in an descending triangle. One observation from prior months is that when there is a bullish candle in this zone there is bullish activity. However, descending triangles have the possibility to be bearish.
The positives are that we have a bullish candle in the Demand Zone and some unfilled Wicks above that zone and we have healthy RSI readings. The negatives are is that it is in a descending triangle, and still in a down trend and global events and socioeconomic events could stir the markets. Have a great day
Polygon (MATIC)Polygon needs no introduction; a versatile platform which offers various solutions. Recent news about collaboration between Google Cloud and Polygon shows where this project is headed. Technical-wise, Polygon is moving in a upward inverted wedge. Have to wait and see if price can break the all time high (the double top level). Let's see what happens.
Measured move of the MATIC flag poll is 16,300% $138 May 5th '25If this is not a bearish retest of the bull pennant breakdown and MATIC regains the level, it would be a fakeout.
The measured move of the 16,300% flagpole is $138 May 5th 2025, depending on when it breaks out.
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Please observe after a series of Higher Highs and Higher Lows, (Polygon)MATIC is consolidating in an ascending triangle around a key level.
Please observe the FIB levels.
If price can move with momentum out of the triangle we *may* have *bullish* activity and price targets would *possibly* be the hypothetical FIB levels. Also, a golden cross may be on the horizon with the 50 and 200 SMA, sometimes after golden crosses there can be a correction but upward movement until the next cross. Please be careful have a great day.
maticmativ technical analysis basically on elliott waves principle
matic can be make a new high as a ATH on 5.70$
wait and watch
MATIC/POL Wycoff Accumulation Have been monitoring MATIC for quite some time and needed time to confirm, however, I now believe this Wycoff Accumulation has been confirmed and that MATIC is on it's way to new highs by Summer 2025.
Another hurdle The short term trendline was breached and the MACD had a bullish crossover but please observe the supply zone that may act as a resistance and possibly push price back down. Let's wait for the candle to print and see.
Have a great day
Uphill struggleI hope all is well.
Polygon at this time needs to break the short term downward trendline and stay in the upward channel. Also, it needs stronger RSI levels and MACD needs to do a bullish crossover.
Be safe have a bless day
Supply Zones and Demand ZonesGood day Team
I hope you all are well.
Paper Trading I do not have money like you rich people on here. Lol :-)
Here we have POLYGON on the day chart, it seems the currency is in a supply zone close to a resistance and last candle was a long wick candle indicating a struggle between buyers and sellers. RSI looks like it is reversing from the overbought area. We theorized a possible pull back to one of the DZs (demand zone) below. Let's watch these candle prints and be very careful. Have a great day!
